What elements of happiness do wealth and productivity miss? What elements of happiness do they measure?

Q: Meaning of economic

A: Like the other social sciences, Economics also involves the study of human interactions with each…

Q: three types of business activities? Distinguish one from the other

A: Business activity can be considered as an economic activity and a profession at the same time.…

Q: Is Income determined by the Scarcity of Your Contribution, and Not the Value of Human Worth?

A: ANSWER Scarcity refer to the basic economic problem- the gap between limited resources and limitless…

Q: Suppose that virtually everyone in the United States decides to take life a little easier, and the…

A: Below is the given information: The fall in average workweek = 25%

Q: important to develop a business plan? What should such a plan include

A: Business plan provides a proper layout of time frame, objectives and action plan required to achieve…

Q: Name any two types of consumption goods with examples

A: Those goods which have the tendency to satisfy the wants of the consumer are said to be as Consumer…

Q: At end of the day, who has better life, an employee who works hard for a high salary or A…

A: Business economics is a branch of economics that deals with business organizations,…

Q: What might the impact of a flat world be on your standard of living?

A: When talking about flat world, it refers to the changing scenario of markets of different nations…

Q: Describe briefly: What is "value" for economists?

A: Economists are those who have knowledge about economics. They study the way an economy works and…

Q: Answer the question no (c) = Future Value (F)= ? Answer the question no (D)= Present value (G) = ?

A: Future value using present value can be calculated as:F=G(1+r)^n Where F is future value, G is…

Q: What is a human person?

A: Individual economics deals with the people in the economy and their efforts towards the development…

Q: Why do entrepreneurs have trouble remaining objective when writing their business plans?

A: Some entrepreneurs fail to plan proper business plans as they don't want to test their ideas too…

Q: Explain how higher savings leads to a higher standard of living.

A: The savings is the money that people keep with them without spending for their consumption purpose.…

Q: Which statement explains how people working in their own self-interest produce goods, services, and…

A:

Q: Must some members of society receive greater rewards than others?

A: Labor productivity: - Labor productivity is the capacity or ability of labor to produce goods and…

Q: How does the LAC fit in the picture and what are the implications for the region?

A: Latin America and the Caribbean were formally recognized by Beijing as a "natural extension of the…

Q: In the world of economics, this is a very powerful term that can make or break relationships,…

A: There are different factors that can contribute to making or breaking relationships, businesses,…

Q: Where do you get the number 11?

A: Given, Marginal propensity to save (mps)=0.2 Marginal propensity to import (mpm)=0.1 Marginal income…

Q: Four factors of Production

A: Microeconomics studies the economic behavior of individual units such as a firm, a market, a…

Q: As technological change makes us more sedentary and food costs increase, obesity is likely. What…

A: An increase in the cost of food and makes individuals more sedentary is one of the major drawbacks…

Q: How do you feel that business cycles and the health of the economy affect the value of your labor?

A: ANS Business cycles comprise of two phases namely a phase of expansion and a phase of contraction.…

Q: how does teen pregnancy affect or influence one’s personal & family health. how does it affect…

A: Teen pregnancy reduces certain amount of health of teen and family is concerned about it.

Q: By doing research and producing new products and services, businesses can create value by…

A: In today's increasingly competitive market climate, innovation is the key to the firm’s survival,…

Q: Artists from which period used perspective to give their work greater depth?

A: Option A (Impressionist) is the correct answer. Impressionist period used perspective to give their…

Q: What are the factors used to measure economic well being?

A: The economics is derived from the GREEK word OKIONOMIA meaning management of household. It give the…

Q: Discuss the importance of services to the economy

A: Economy is the inter connection of different economic activities such as production, planning,…

Q: Discuss the concept of coming of age in “House on Mango Street."

A: coming of age in “House on Mango Street." is a story based on a girl named Esperanza. This story…

Q: What are the relationships between health and education, on the one hand, and productivity and…

A: The basic goals of development are education and health. Both are necessary for improving human life…

Q: Does owning new clothes, shoes and the latest electronics mean that someone is rich? Explain.

A: We are going to discuss the scope and approach to test hypothesis mentioned in the question.

Q: What is beautiful?

A: Beautiful is a term related to the attractiveness of a place or person.

Q: How is education level impact the lives of consumers?

A: Consumers are the people who make purchases. For a business organization, it is very important to…

Q: Whom to produce

A: Whom to produce:- This issue revolves around determining the type of people who will consume the…

Q: Read the following article and then answer the questions that follow: Without question, the most…

A: Given Passage: Without question, the most important…

Q: susan decision about how much income to save is it microeconomics or macroeconomics and provide a…

A: Microeconomics is the study of the economic behavior of particular economic elements and factors.…

Q: What is the individual’s human wealth? Total wealth?

A: Wealth: It is the estimation of the relative multitude of assets that are controlled by an…

Q: What does it mean to be a philosopher

A: A philosopher is an individual who offers view on profound questions in ethics, logic, metaphysics…

Q: What is the relationship between the rising cost of living and low-income communities’ standard of…

A: The cost of living is the average amount of money that people in a certain location require in order…

Q: In terms of Islamic Economic, what is the Muslim Consumer Behavior and why it is related to the…

A: The behaviour of a consumer is a complex phenomenon that is influenced by multiple diverse forces…

Q: Does Income reflect Wealth? In what ways?

A: In economics, income and wealth are considered as two different concepts as they include some…